Switzerland - IRAS
Switzerland - IRAS
Switzerland - IRAS
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(i)<br />
(ii)<br />
on income (total income, earned income, income from capital,<br />
industrial and commercial profits, capital gains and other items of<br />
income); and<br />
on capital (total property, movable and immovable property, business<br />
assets, paid-up capital and reserves and other items of capital)<br />
(hereinafter referred to as "Swiss tax").<br />
4. The Convention shall also apply to any identical or substantially similar taxes which<br />
are subsequently imposed in addition to, or in place of, the existing taxes.<br />
5. The Convention shall not apply to Federal anticipatory tax withheld at the source on<br />
prizes in a lottery.<br />
6. If taxes on capital or on capital gains are introduced in Singapore at some future date<br />
the Convention shall apply to such taxes.<br />
Article 3<br />
1. In this Convention, unless the context otherwise requires:<br />
(a)<br />
(b)<br />
(c)<br />
(d)<br />
(e)<br />
(f)<br />
(g)<br />
(h)<br />
(i)<br />
the term "Singapore" means the Republic of Singapore;<br />
the term "<strong>Switzerland</strong>" means the Swiss Confederation;<br />
the terms "a Contracting State" and "the other Contracting State" mean<br />
Singapore or <strong>Switzerland</strong>, as the context requires;<br />
the term "tax" means Singapore tax or Swiss tax, as the context requires;<br />
the term "person" includes an individual, a company and any other body of<br />
persons, corporate or not corporate;<br />
the term "company" means any body corporate or any entity which is treated<br />
as a body corporate for tax purposes;<br />
the terms "enterprise of a Contracting State" and "enterprise of the other<br />
Contracting State" mean respectively an industrial, mining, commercial,<br />
timber, plantation or agricultural enterprise or undertaking carried on by a<br />
resident of a Contracting State and an industrial, mining, commercial, timber,<br />
plantation or agricultural enterprise or undertaking carried on by a resident of<br />
the other Contracting State;<br />
the term "international traffic" means any transport by a ship or aircraft<br />
operated by an enterprise of a Contracting State, except when the ship or<br />
aircraft is operated solely between places in the other Contracting State;<br />
the term "competent authority" means:<br />
(i)<br />
in the case of Singapore: the Minister for Finance or his authorised<br />
representative;<br />
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